Why Does This Matter Now?



Just as there are rewards for the right actions, there are risks involved in doing nothing. Several factors are creating urgency to address D&I.

External Pressures

Millennial Talent

More than one in three Americans (35%) in the labor force are millennials, making this group the largest generation of the US workforce.



To attract millennials and members of Gen-Z, firms should set out to achieve a broad balance of objectives, including an emphasis on diversity and inclusion.



Regulators and Policymakers

Diversity is part of the larger conduct and culture focus of regulators.



Client Demand

Demand from clients for D&I data and progress is on the rise.

83% of institutional investors in a recent, unpublished survey said gender diversity is important to them.




“Society is demanding that companies, both public and private, serve a social purpose.

To prosper over time, every company must not only deliver financial performance but also show how it makes a positive contribution to society.”

– Laurence D. Fink, founder and chief executive of BlackRock



Structural Changes to the Industry

Teams Dominate

Many firms are recognizing that the diversity of their employees can be a key part of their success.


Firms are shifting from the “star portfolio manager” model to diverse investment teams.



Awareness of Biases

The industry must continue to think more deeply about how behavioral biases affect decision making more broadly and the benefits of diversity in overcoming groupthink.


We all have something to learn when it comes to understanding and mitigating our biases.